https://www.taxtmi.com/caselaws?id=346071 The High Court upheld the finality of the Tribunal's decision to delete the penalty under Section 271(1)(c), emphasizing that the assessing officer lacked jurisdiction to reopen penalty proceedings. The Court dismissed the Income Tax appeal, stressing the importance of judicial discipline and adherence to legal procedures in penalty matters. The judgment clarified the limits of assessing officer's authority and the significance of respecting Tribunal's decisions in such cases. en-us Tue, 25 Jul 2017 00:00:00 +0530 Thu, 03 Aug 2017 07:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346071 The High Court upheld the finality of the Tribunal's decision to delete the penalty under Section 271(1)(c), emphasizing that the assessing officer lacked jurisdiction to reopen penalty proceedings. The Court dismissed the Income Tax appeal, stressing the importance of judicial discipline and adherence to legal procedures in penalty matters. The judgment clarified the limits of assessing officer's authority and the significance of respecting Tribunal's decisions in such cases. Case-Laws Income Tax Tue, 25 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346071